Retail and consumer goods industry news

16 July 2021
Lidl has pledged to increase sales of healthy and healthier products to at least 85% of total sales by 2025. Clear goals to help shoppers be healthier Alongside the overall pledge, Lidl has set an additional target to increase the sale of fresh fruit and vegetables by 35% by 2026. The discounter has also invested in its ‘Get Fresh’ initiative to add 100 new fresh food products to stores....
16 July 2021
Poundland's parent group Pepco released results for the 13 weeks to June 30th. The group saw strong results overall, with sales across all banners +45.5% and like-for-like sales +29.3%. Poundland bounces back following temporary store closures during lockdowns Poundland and Dealz saw total sales growth of +30.3% to €481m in the period, with like-for-like sales +21.1%. 22 new stores opened, ...
16 July 2021
Blakemore Retail has launched its first SPAR Market store in Gwynedd, Wales.  Our view More convenience retailers around the world are moving away from a one size fits all approach. SPAR Market is a great example of how Blakemore Retail is flexing its approach to the communities it serves. SPAR Market in Bala is also connected to the Snappy Shopper app and this will extend its reach to more...
16 July 2021
Lidl and Kaufland’s parent company, Schwarz Group, has released its 2020/21 financial results. The group enjoyed strong growth of 9.6%, taking its total sales to €125.3 bn. Lidl continues to drive the group’s sales, advancing by 9.9%, while Kaufland posted an increase of 7.5%. Lidl reinforces its position as Europe’s largest retailer Lidl’s total sales reached €96.3 bn, which will mean it w...
15 July 2021
As part of its fourth quarter update, Conagra Brands shared some of the measures it is taking to navigate the current inflationary environment. Four years’ worth of incremental new buyers The company delivered a solid fourth quarter. While organic net sales decreased 10.1%, on a two-year compounded annualized basis, they increased 4.5%. This reflects the lapping of the surge in demand in Q4...
15 July 2021
The South Korean ecommerce company disclosed this week it is ready to start operations in Singapore. As a first step, it has completed the hiring of senior executives in the country. Testing the water for its Southeast Asia strategy The move is seen as Coupang’s intention to use Singapore to test its Southeast Asia growth strategy. Although Singapore is small in size, with only six million ...
15 July 2021
Co-op has revealed its recycling solution, aimed at confronting soft plastic, which cannot be recycled through local council bin collections. Co-op reveals large scale collection scheme The Co-op announced the launch of its in-store recycling collection scheme, which is aiming to collected soft plastics, including plastic bags and other product packaging. Co-op claims the initiative is the ...
14 July 2021
Sam’s Club has developed a new feature as part of its Scan & Go technology which enables members to scan a product in-store for delivery direct to their home or business. Integrated into Scan & Go The Scan & Ship programme has been integrated into the retailer’s Scan & Go feature within its app. Members using the feature scan a product in the club and choose to have it delivered to their ho...
14 July 2021
Superdrug and Savers have published 2020 financial results that highlight the challenges both retailers faced during the year. Superdrug reported a significant decline in revenue, by 14.8% to £1.11 bn, while Savers saw a decline in revenues of 5.9%, to £536.1m. COVID-19 led to serious disruption for both businesses Superdrug Revenue declined by 14.8% to £1.11 bn (2019: £1.30 bn) ...
14 July 2021
Following a strong second quarter, PepsiCo has increased its guidance for full year sales growth. We look at how the recovery is shaping up globally and how it expects consumer behaviour to evolve post-pandemic. Convenience and foodservice improving PepsiCo’s organic net revenue increased 12.8% in the quarter, with the business seeing a strong performance across all divisions and regions. H...